Mohandas Pai questions wage disparity in India Inc salaries at the top have risen sharply. “Look at an IT CEO's salary five years ago, and look at it now—it has gone up 50-60%. Board compensation has increased by 20%, 30%, even 40%. But for the bottom 20%, wages have only risen by 20-25%.”
The disparity is even worse for contract employees. A Quest study shows that their wages have increased by just 1-2% over the past five years. These workers, often in roles like janitors, shop assistants, and electricians, earn salaries tied to stagnant minimum wages. “There is a great degree of exploitation of the bottom 50%, and India Inc has to really pay them better,” Pai asserted.